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UK – Recruitment firm Hunterskill goes into liquidation (Ipswich Star)

20 November 2019

Ipswich-based Hunterskill Recruitment, which specialised in providing temporary labour, particularly for the recycling sector, has gone into liquidation, reports Ipswich Star. The recruitment firm was hit by bad debt, tax bills and a court bill, coupled with declining turnover and profit. Director Reginald Jacob said it hit problems after a major customer collapsed leaving it with £118,000 worth of debt, and it lost a court case against a client, putting it a further £40,000 out of pocket. It also faced a £76,000 VAT surcharge. Before this, the business had always been profitable, reaching a peak turnover, over £6 million, for the accounting year ending 31 March 2018. Jacob said the bank withdrew its facility, making it impossible to continue and as a consequence its headquarters in Norwich Road, Ipswich, along with a satellite office in Peterborough, closed earlier this year. Jacob said profits began to decline "as people using this type of service gradually began to reduce price margins, meaning profits decreased and the market place for this type of labour diminished.”